April 15 - In the morning of April 15, dragged down by the continued weakness in the mainstream market, the diethylene glycol (DEG) market in Guangdong continued to decline. As of now, spot market offers are sporadic at 7,600-7,800 yuan/ton. Chempricehub's analysis of DEG shows a bearish score of -1. The article indicates that the DEG market in Guangdong continues to weaken, with spot offers falling to 7,600-7,800 yuan/ton, dragged down by the weakness in the mainstream market. This suggests weak downstream demand or increasing oversupply pressure, exerting a generally bearish impact on spot prices. The downward price trend may dampen short-term purchasing sentiment, and subsequent supply-demand changes warrant attention.
Comments
0